Mexico Regulates Its Online Gambling Industry

Published Wednesday, November 12, 2014 - Online-Casinos.com
Mexico Regulates Its Online Gambling Industry

The online gambling market in Latin America is massive and under serviced mainly because of legal roadblocks established by various governments in the region. The much required legislation to legally offer online betting in places such as Mexico has been in the works for quite some time and finally there is light at the end of the legislative tunnel.

The very long and thorough process has finally reached an end with National Action Party (PAN) and the Party of the Democratic Revolution (PRD) has come to an agreement that aims to implement a new legal framework for online gambling and regular betting focussing on areas that relate to money laundering protection. Deputy and former chairman of Mexico’s special commission on casinos Ricardo Mejia Berdeja, revealed that legislators and representatives of the Federal Government settled on a comprised agreement back on November 4th.

Money laundering was a main concern for the lawmakers as well as the proliferation of illegal so called ‘mini casinos‘ in more the remote areas of Mexico. The new law is expected to give operators a system including 10-year licenses, regulated online gambling, and the establishment an Advisory Council made up of representatives from health, tourism, and economic departments of the government, as well as some non-governmental organizations.

 A prominent Mexican poker professional Christian de León said in a recent interview with Poker News regarding the proposed changes in Mexico, "The new reform could soon introduce some important changes in the country," de León also added that all Mexican players can do right now is to wait. "We have to wait for the new bills to be adopted, so that we will be able to see how things will go from there."

Fernando Zarate Salgado, the President of the Commission of Gaming in the Chamber of Deputies commented, "The new law is going to put some order in the gambling world by regulating it and by fixing some issues we have now."

 

 

 

Related news

Return to Latest News